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RE: The Collapse Will Be Driven By A Credit Collapse, Has The Date Been Set? - Episode 1315a
Clearly no one knows for sure. It is hard to imagine that our house of cards will stand, yet the central banks learned something from Japan after their meltdown. Back then it seemed like the near zero interest would eventually stop, but here we are decades later.
But Dave is right too, be prepared.
Yes, the lost generation of Japan had a lesson we could learn from...unfortunately the powers that be either don't care, or they were too ignorant to heed the warning. Of course, being the reserve currency of the world, we have more to lose than Japan did back then. Be prepared for a 20% standard of living drop, at minimum.